Since the existence of banks they are known to be major risk taking entities and therefore they are expected to release relevant risk-related information to the marketplace as part  a of good corporate governance, Banks in India are required to make risk disclosures in Annual Report under Basel II Accord from last 2-3 years. Indian AS 32 – Disclosure for Financial Instrument, same as IFRS 7 issued by Indian Accounting Standard Board, is made mandatory from 1-4-2011 for the most of the entities in India.